Health and Safety Institute (HSI), a portfolio company of The Riverside Company, has acquired EMS Safety Services (EMS).
EMS is a provider of first aid and CPR training services to healthcare, fire, and law enforcement agencies; as well as large and small businesses, schools, universities, childcare centers, government agencies, community organizations and individual instructors.
EMS sells books and training materials; manikins; automated external defibrillators (AEDs); disaster supplies; first aid kits and supplies; and CPR masks and shields. The company was founded in 1997 and is based in San Clemente, CA (www.emssafetyservices.com).
HSI is a provider of health and safety training and compliance services. Sectors served include emergency care, workplace safety, professional responder, and health & safety compliance. The company has 51,300 authorized affiliate instructors and 13,200 third-party training centers in the US and Canada. HSI is headquartered in Eugene, OR (www.hsi.com).
The buy of EMS is HSI’s fourth acquisition since Riverside acquired the platform in May 2015 from DW Healthcare Partners (DWHP). Interestingly, Riverside was the owner of HSI before its sale to DWHP in August 2012. Riverside acquired the company that became HSI when it purchased American Safety & Health Institute in July of 2006. The three earlier add-on acquisitions were Vancouver, WA-based SafeTec Compliance Systems in January 2016; Minneapolis, MN-based Comprehensive Loss Management in June 2017; and Pasco, WA-based Vivid Learning Systems in March 2018.
According to Riverside, EMS is a natural fit with the HSI family of companies, including its ASHI and MEDIC First Aid training brands and the EMS content and training programs will further expand HSI’s library of courses. “We are excited about the strong synergy EMS brings to the HSI portfolio,” said Riverside Managing Partner Suzy Kriscunas. “HSI has long respected EMS’ content and brand, and the HSI/EMS partnership expands new avenues for existing and prospective customers of both businesses.”
The Riverside Company is a global private equity firm focused on investing in and acquiring growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 730 transactions and its portfolio includes more than 75 companies. The firm is headquartered in New York with 16 additional US and international offices (www.riversidecompany.com).
Midcap Financial (www.midcapfinancial.com) provided the financing for this transaction.
© 2019 Private Equity Professional | January 8, 2019